Re: RadioShack shares hit low on downgrade, analyst cites Cingular as cause for the downgrade.
- From: retsuhcs@xxxxxxxxx (Mike S.)
- Date: Mon, 3 Apr 2006 17:27:29 +0000 (UTC)
In article <44314a46$0$70780$742ec2ed@xxxxxxxxxxxxxx>,
SMS <scharf.steven@xxxxxxxxxxx> wrote:
"Shares of RadioShack Corp. hit a 52-week low on Monday after an analyst
said the electronics retailer's transition to selling Cingular products
appeared to be "more difficult" than expected, and downgraded the stock."
"http://www.businessweek.com/ap/financialnews/D8GOJ1BG0.htm?campaign_id=apn_home_down&chan=db";
Anyone who grew up with Radio Shack would not recognize the store in its
present reincarnation. It appears to be positioned as a "Circuit City
Lite", but often situated in the same place where other electronics
discounters carry the same stuff, have more variety, and usually at lower
prices. Granted, you can't make big profits selling resistors and diodes
in this market anymore, but even taking that into account ... I have fewer
and fewer reasons to visit Radio Shack with each passing month.
.
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